This morning as the panic sellers fled their position in Steem and TenX I was buying that dip. I'm not saying we are done with dips, maybe the floor is still further down but here is my thought process for those who care:
- I have faith that Steem and TenX will be huge in 2018.
- The price on both these projects fell more than Bitcoin over the past 24 hours.
- The price in USD on both these projects was at or near the price point I consider CHEAP, earlier this morning.
Therefore I took all my bitcoin, which was a few thousand dollars and put it into these projects which I believe have more room to grow in 2018, have a functional use case to support their continued growth, and I am very happy I did so because both are climbing as morning fears subside.
My investments in 2 hours went up $1,000 USD and its only because people were panic selling good projects like Steem. Be patient guys. Take a break from looking at Coinmarketcap, particularly if it causes you fear or anxiety.
The crypto market is not going to zero, it is going down, and later it will go up. Panic selling is never in your best interest. The only people who lose is those without a plan, and or those who FUD or FOMO. Take a breathe, have a plan, follow through with your plan and then even if the plan goes haywire take solice in the fact that you did what you logically could to best prepare yourself for success.
I believe this is wisdom that we can apply in any part of our life, not just crypto investing. I hope you enjoyed this content. If so please up-vote, comment and follow.